Stock Of The Day: Why Would Resistance For Zillow Turn Into Support?

Zillow Group, Inc. Z shares are trading higher. The company reported earnings and investors positively reacted. Estimates for the earnings were 29 cents and came in at 35 cents. Revenue was $581 million versus estimates of$555 million.Our team of technical analysts made Zillow our Stock of the Day because it illustrates a common dynamic in the market that savvy traders use to profit.As you can see on the chart, in February and early March levels around $58.50 were resistance for the stock. In September thi ...